ᐅ Plot of land including a turnkey house – experiences?

Zaba12 schrieb:

But you seem to be resistant to advice anyway, so do whatever you like. It’s not my money.

I’m just gathering information here, nothing more, nothing less. I don’t intend to sign anything before I’m 100% sure what I’m getting for my money. I’m far from agreeing to the deal because detailed contracts, scope of work, etc., are simply missing.

Tego12 schrieb:
Do you even read what people write here?

Yes, I do!

Crossy schrieb:
Utility connections/drainage costs are very low; you can check with the local authorities or service providers to find out what it costs in your area.
Excavation work at $6,000 is also for a completely flat plot. You won’t get much done for that price.

What about the landscaping? How much paving is planned? Patio? Entrance area?

Everything seems very tight budgeted.

There is currently a demolition property on the site. The plot looks relatively flat, as far as I can tell as a non-expert. For the landscaping, including patio, hedges, fence, etc., I have estimated about $18,000.

musswah schrieb:
The plot looks relatively flat, as far as I can tell as a non-expert.

If it only looks relatively flat, it probably isn’t ;-) Without experience in assessing terrain surfaces, it’s easy to misjudge.
For example: our plot also appeared almost flat to my husband... I thought there was at least 1.5–2 meters (5–6.5 feet) of slope over the 34 meters (112 feet) length (I am an archaeologist and therefore have a better eye for this). In the end, I was right... it’s about 2 meters (6.5 feet). That’s not much, of course, but depending on the type of house you want, it’s enough to require filling, excavation, or some form of leveling.

What does "demolition costs (proportional)" mean in the offer? Is €10,000 enough for that?

Tassimat schrieb:
What is meant by "demolition costs (proportional)" in the offer? Is 10,000€ enough?

Yes, that amount is fixed because the existing building extends over 4 new lots, and the costs are then divided among the buyers.

However, I find the costs of 172,000€ for a 399m² (4,290 sq ft) plot plus 10,000€ for demolition simply way too high. With those figures, they basically price themselves out immediately.

Yosan schrieb:
If it "only" looks relatively flat, it usually isn’t ;-) If you don’t have experience estimating terrain surfaces, it’s easy to misjudge.
For example: our plot also looked almost flat to my husband... I thought there was at least a 1.5–2m (5–6.5 ft) slope over the 34m (112 ft) length (I’m an archaeologist and have a bit more eye for this). In the end, I was right… it’s about 2m (6.5 ft). That’s not much, of course, but depending on your building plans, it’s enough that you need to add or remove soil or level it somehow.

Okay, thank you very much for the advice.

My tip: Calculate the expected property tax in advance, as many people forget or simply overlook it. Otherwise, you need to account for the real estate agent’s commission and it’s better to budget a little extra for that.

patricia821 schrieb:
My tip: Calculate the expected property tax in advance as well; many people forget or simply overlook this. Otherwise, you need to factor in the real estate agent’s commission and it’s better to budget a bit more than less.

You probably mean the real estate transfer tax...